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Devon Energy (MEX:DVN) Tax Rate % : 22.46% (As of Sep. 2024)


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What is Devon Energy Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Devon Energy's Tax Expense for the three months ended in Sep. 2024 was MXN4,706 Mil. Devon Energy's Pre-Tax Income for the three months ended in Sep. 2024 was MXN20,950 Mil. Therefore, Devon Energy's Tax Rate % for the quarter that ended in Sep. 2024 was 22.46%.

Devon Energy Tax Rate % Historical Data

The historical data trend for Devon Energy's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Devon Energy Tax Rate % Chart

Devon Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.52 17.70 2.24 22.35 18.19

Devon Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.18 18.81 20.70 17.79 22.46

Devon Energy Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Devon Energy's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=14275.343/78471.948
=18.19 %

Devon Energy's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=4705.982/20950.479
=22.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Devon Energy Tax Rate % Related Terms

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Devon Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (MEX:DVN) » Definitions » Tax Rate %
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DVN:USA 1DY6:Italy DY6d:UK 0I8W:UK DY6:Germany DY6:Germany DY6:Germany D1VN34:Brazil DY6:Bulgaria DVN:Austria
Address
333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015
Website
https://www.devonenergy.com
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.